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Open Innovation

19 May

What is Innovation Management?

by Hunter O'Donnell
in Collaboration Software, Idea Management Software, Innovation, Innovation Software, Innovation Solutions, Open Innovation
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[vc_row][vc_column][vc_column_text] Navigating Innovation Management: Implement a Scalable Process and Engaging Platform for Enterprise Ideation and Collaboration Creating Open Innovation Solutions [/vc_column_text][vc_empty_space height="22px"][vc_column_text]Regardless of your organization’s innovation portfolio size or scope, every business needs a strategy and competitive advantage for growth and technological advancement. Supporting an innovative culture and adopting an innovation management platform across your company assesses valuable KPIs of the current pipeline and promotes future opportunities through the transformative power of innovation.[/vc_column_text][vc_empty_space][vc_column_text] Defining Innovation Management  Innovative Culture and the Innovation Manager's Role The Key Pillars of Innovation Management Tools and Techniques for Innovation: Idea Management, Pipeline Management, and Technology Discovery Software & Innovation Services  The Benefits of Innovation Management [/vc_column_text][/vc_column][/vc_row][vc_row anchor="InnovationManagement"][vc_column][vc_empty_space][vc_column_text] Defining Innovation Management: [/vc_column_text][vc_empty_space height="22px"][vc_column_text]Innovation management is the process of nurturing and guiding the development of new ideas, products, services, or processes within an organization. It’s the strategies, idea stage gate and workflows that move creative ideas, novel technologies, or key market insights through an...

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13 May

What is a Hackathon and Why They Matter

by Stephanie Creech
in Collaboration Software, Idea Management Software, Innovation Software, Innovation Solutions, Open Innovation, Technology Challenge, Types of Innovation
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[vc_row][vc_column][vc_column_text] Hackathons Explained [/vc_column_text][vc_column_text] What is a Hackathon? [/vc_column_text][vc_empty_space height="10px"][qodef_blockquote text="A hackathon is an event, typically lasting a short period of time, where people come together to collaborate in order to quickly solve a problem or identify new opportunities." title_tag="h3"][vc_empty_space height="20px"][vc_column_text] The Origin of Hackathons: How Intensive Collaboration Became a Catalyst for Innovation [/vc_column_text][vc_empty_space height="5px"][vc_column_text]The concept of a "hackathon" was born in 1999, thanks to pioneering developers at OpenBSD and Sun Microsystems. OpenBSD, an organization dedicated to security-focused software, coined the term during a multi-day event where developers came together to "hack" on code, working intensively to improve and secure their software. Around the same time, Sun Microsystems introduced the term at the JavaOne conference, hosting a hackathon that invited developers to collaboratively build new applications in Java. The term itself combines "hack"—referring to creative coding or problem-solving—with "marathon," representing the event's prolonged, focused effort. This fusion perfectly captures the essence of hackathons: high-energy, collaborative sessions where...

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innovation solutions
09 May

What Are Innovation Solutions?

by Stephanie Creech
in Innovation, Innovation Challenge, Innovation Software, Innovation Solutions, Intellectual Property, Open Innovation, Technology, Technology Challenge, Technology Scouting
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Innovation can also come in the form of new types of services that offer improvements on old ways of doing things, meet previously unidentified needs or fill gaps in the market. More often, innovation solutions use technology to support and dispatch new services...

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02 Apr

The Five Pillars of Innovation-Driven Consortium Management

by Matthew Heim
in Innovation, Innovation Strategy Services, Open Innovation
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[vc_row][vc_column][vc_column_text] Building Collaborative Success Through Innovative Strategic Leadership [/vc_column_text][vc_empty_space height="18px"][vc_column_text]In today’s fast-paced, interconnected world, industries are increasingly relying on consortia- collaborative alliances of organizations working toward common goals. These partnerships are particularly prominent in technology, healthcare, sustainability, and policy-driven sectors. While consortia are often established to address complex challenges, they frequently struggle with bureaucracy, stagnation, and lack of clear impact. To maximize their effectiveness, consortia should be managed as innovation endeavors with clear goals and objectives, rather than traditional administrative structures.[/vc_column_text][vc_empty_space height="18px"][/vc_column][/vc_row][vc_row][vc_column][vc_column_text] The Nature of Consortia: Collaboration for Change [/vc_column_text][vc_empty_space height="18px"][vc_column_text]Consortia bring together diverse stakeholders which tend to include private companies, government entities, academic institutions, and nonprofits, to tackle systemic challenges. Their mission often includes developing new standards, frameworks, technologies, or policies that benefit an entire industry. However, because they involve multiple organizations with differing priorities, they can become bogged down in slow decision-making processes and conflicting interests. A consortium can be established either as...

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25 Mar

Navigate Uncertainty

by Ryan Musarra
in Enterprise Innovation, Innovation Strategy Services, Open Innovation, Research Services, Technology Landscape, Technology Scouting
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[vc_row][vc_column][vc_column_text] Turning Tariff Challenges into Opportunity [/vc_column_text][vc_empty_space height="20px"][vc_column_text]Across industries, companies are facing mounting uncertainty driven by tariffs, shifting trade policies, and global supply chain disruptions. These uncertainties are forcing organizations to reallocate resources from long-term innovation to short-term operational pivots. However, businesses that take a proactive approach to overcoming these challenges can emerge stronger and more competitive. The past decade has provided key lessons on how to navigate uncertainty. Between 2017-2021, businesses grappled with shifting tariff policies, reshaping global trade relationships, and the massive supply chain disruptions caused by COVID-19. Companies that adapted quickly by diversifying suppliers, investing in digital solutions, and building supply chain resilience fared better than those that reacted too slowly. Learning from these experiences can help organizations prepare for the next wave of uncertainty. At Ezassi, we help companies navigate uncertainty by identifying alternative supply chain solutions, evaluating nearshoring and reshoring opportunities, and uncovering innovation-driven cost-saving strategies. Here’s how companies...

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18 Mar

Procurement Strategy for Supply Chain Agility

by Huck Auluck
in Enterprise Innovation, Innovation Software, Innovation Strategy Services, Open Innovation, Research Services, Technology Scouting
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[vc_row][vc_column][vc_column_text] The Ezassi Advantage: Enhancing Supply Chain Agility for Procurement Executives [/vc_column_text][vc_empty_space height="16px"][vc_column_text] Why CPOs and Supply Chain Executives Should Pay Attention [/vc_column_text][vc_empty_space height="16px"][vc_column_text]For Chief Procurement Officers (CPOs), procurement leaders, and supply chain executives, staying ahead of disruptions while driving efficiency, cost savings, and sustainability is more challenging than ever. This is where Ezassi comes in.  Ezassi is a cutting-edge open innovation platform that helps organizations streamline their procurement and supply chain processes through advanced scouting, ideation, and technology discovery. If you’re responsible for procurement strategy and supply chain resilience, here’s why Ezassi should be on your radar: [/vc_column_text][vc_empty_space height="16px"][qodef_separator position="center" color="#f2f2f2" width="100%" thickness="1"][vc_empty_space height="16px"][/vc_column][/vc_row][vc_row][vc_column width="1/6"][vc_single_image image="20148" img_size="" alignment="center"][/vc_column][vc_column width="5/6"][vc_column_text] Harnessing Open Innovation for Competitive Advantage Procurement and supply chain functions are no longer just about cost-cutting, they’re about strategic innovation. Ezassi enables businesses to leverage external networks of innovators, startups, and research institutions to uncover groundbreaking technologies and solutions that drive efficiency and growth.  With Ezassi’s technology...

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11 Mar

Corporate Venture Capital

by Ryan Musarra
in Enterprise Innovation, Innovation Strategy Services, Open Innovation, Technology Scouting
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[vc_row][vc_column][vc_column_text] The Hidden Challenges of Corporate Venture Capital [/vc_column_text][vc_empty_space height="12px"][vc_column_text] (And How to Overcome Them) [/vc_column_text][vc_empty_space height="18px"][vc_column_text]Corporate Venture Capital (CVC) groups have grown in popularity as a vehicle to drive disruptive innovation and growth. Compared to traditional R&D efforts or large-scale M&A, CVCs can deliver impactful results faster, often with less financial risk. However, scaling a successful CVC operation comes with its own set of unique challenges, many of which persist despite years of refinement.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width="1/4"][vc_single_image image="19998" img_size="" alignment="center"][vc_empty_space][/vc_column][vc_column width="3/4"][vc_empty_space height="110px"][qodef_blockquote text="Corporate Venture Capital (CVC), in the context of innovation, refers to the practice of established corporations investing directly in external startup companies to achieve strategic objectives. Unlike traditional venture capital, which primarily focuses on financial returns, CVC aims to drive innovation by accessing new technologies, markets, and business models. This approach allows corporations to enhance their innovation capabilities, foster partnerships with agile startups, and gain competitive advantages in rapidly evolving markets. Through CVC,...

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26 Feb

Predictive Maintenance

by Dave Jones
in Chemicals & Materials, CPG Industry, Defense & Aerospace Industry, Energy Industry, Food and Beverage Industry, Innovation, MedTech & Life Sciences Industry, Open Innovation, Technology, Technology Landscape
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[vc_row][vc_column][vc_column_text] Predictive Maintenance in Industry 4.0 [/vc_column_text][vc_empty_space height="20px"][vc_column_text]Predictive maintenance (PdM) is revolutionizing how businesses approach equipment upkeep, particularly in industries such as Consumer Packaged Goods (CPG), Aerospace and Defense, Energy, and Manufacturing. By leveraging Industry 4.0 principles- such as the Industrial Internet of Things (IIoT), artificial intelligence (AI), and big data analytics- companies can predict equipment failures before they occur, reducing downtime, optimizing costs, and enhancing operational efficiency.[/vc_column_text][vc_empty_space height="10px"][qodef_separator position="center" color="#d6d6d6" width="100%" thickness="2 px"][vc_empty_space height="10px"][vc_column_text] What is Predictive Maintenance? [/vc_column_text][vc_empty_space height="10px"][qodef_blockquote text="Predictive maintenance involves continuously monitoring the condition and performance of equipment using advanced technologies like IoT sensors, machine learning models, and real-time data analytics. Unlike traditional reactive or preventive maintenance (PM), which either waits for failures to occur or follows a fixed schedule, PdM identifies potential issues based on actual equipment conditions. This proactive approach enables timely interventions, minimizing unplanned downtime and extending asset lifespans." width="80%"][vc_empty_space height="10px"][qodef_separator position="center" color="#d6d6d6" width="100%" thickness="2 px"][vc_empty_space][vc_column_text] The Role...

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30 Jan

What is Technology Scouting?

by Hunter O'Donnell
in Innovation, Innovation Software, Innovation Solutions, Open Innovation, Research Services, Technology, Technology Scouting
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[vc_row][vc_column][vc_column_text]Staying ahead of technological advancements is crucial for corporate innovators aiming to enhance their R&D and innovation programs. One effective strategy to achieve this is through technology scouting. But what exactly is technology scouting, and how can it benefit your organization?[/vc_column_text][vc_empty_space][/vc_column][/vc_row][vc_row][vc_column width="2/3"][vc_column_text] Define Technology Scouting [/vc_column_text][vc_empty_space height="22px"][qodef_blockquote text="Technology scouting is a proactive approach to identifying, evaluating, and acquiring emerging technologies and expertise from external sources. It involves systematically searching for technological solutions, patents, new research, trends, subject matter experts, and opportunities that solve for an organization's near-term objectives. This process enables companies to integrate external knowledge and adjacent technologies into their internal R&D efforts more effectively." title_tag="h3" width="100%"][vc_empty_space][/vc_column][vc_column width="1/3"][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space height="22px"][vc_row_inner][vc_column_inner width="1/4"][qodef_button size="" type="" hover_animation="" target="_blank" icon_pack="" font_weight="" text="Example Report" link="//ezassi.com/technology-discovery-services/smart-packaging-tech-scouting-report/"][/vc_column_inner][vc_column_inner width="1/2"][vc_column_text] Ezassi offers Technology Scouting Software and Customized Research Reports by Innovation Analysts. [/vc_column_text][/vc_column_inner][vc_column_inner width="1/4"][qodef_button size="" type="" hover_animation="" target="_blank" icon_pack="" font_weight="" text="Case Study" link="//ezassi.com/wp-content/uploads/2024/04/Advancing-NASAs-Technology-Scouting.pdf"][/vc_column_inner][/vc_row_inner][vc_empty_space height="42px"][vc_row_inner][vc_column_inner][vc_column_text] The Importance of Technology Scouting [/vc_column_text][vc_empty_space height="22px"][vc_column_text]Incorporating technology scouting into your innovation...

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08 Jan

What is Business Model Innovation?

by Stephanie Creech
in Innovation, Innovation Software, Innovation Solutions, Innovation Strategy Services, Open Innovation, Technology, Types of Innovation
Comments

[vc_row][vc_column][vc_column_text] A Guide to Business Model Innovation [/vc_column_text][vc_empty_space height="20px"][vc_column_text]Business model innovation is a competitive strategy offering organizations a way to redefine their value proposition, operational structure, and revenue streams. In this guide, we’ll explore what business model innovation entails, why it’s critical for success, and how innovation management leaders can leverage software tools and strategic services to guide transformational growth.[/vc_column_text][vc_empty_space height="30px"][vc_column_text] What is Business Model Innovation? [/vc_column_text][vc_empty_space height="10px"][qodef_blockquote text="Business model innovation is the process of reinventing how a company delivers value to its customers and captures profits. Unlike product or process innovation, it focuses on altering the framework of business operations, including customer engagement, revenue generation, and cost management." title_tag="h3" width="75%"][vc_empty_space height="30px"][/vc_column][/vc_row][vc_row][vc_column][qodef_separator position="center" color="#dddddd" width="100%" thickness="2 px"][vc_empty_space height="10px"][vc_column_text] Why It Matters: [/vc_column_text][vc_empty_space height="5px"][vc_column_text] Adapts to disruptive technologies Enhances market differentiation Unlocks new revenue opportunities [/vc_column_text][vc_empty_space height="10px"][qodef_separator position="center" color="#dddddd" width="100%" thickness="2 px"][vc_empty_space height="30px"][/vc_column][/vc_row][vc_row][vc_column][vc_column_text] Key Elements of Business Model Innovation [/vc_column_text][vc_empty_space height="5px"][vc_column_text]To succeed in business model innovation, organizations must address these core components: Value Proposition...

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